Toyota may report an operating loss of more than $5 billion for 2010

Discussion in 'Wall St. News' started by ASusilovic, Apr 12, 2009.

  1. Toyota Motor Corp., the world’s largest automaker, fell as much as 1.3 percent after a report it may report an operating loss for a second straight year as the global recession saps car demand.

    The carmaker lost as much as 50 yen to 3,860 yen and traded at 3,870 yen, as of 9:02 a.m. on the Tokyo Stock Exchange.

    Toyota may report an operating loss of more than 500 billion yen ($5 billion) for the year ending March 31, 2010, the Nikkei newspaper reported yesterday, without saying where it obtained the information.


    http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aLftALc73u68